Can I retire at age 54 with 570,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$47,070$46,651$46,242$45,842$45,453$43,805
2 years$23,302$22,868$22,447$22,040$21,644$20,002
3 years$15,380$14,945$14,525$14,121$13,732$12,147
4 years$11,420$10,986$10,570$10,173$9,794$8,279
5 years$9,045$8,613$8,203$7,814$7,445$6,003
6 years$7,462$7,033$6,629$6,249$5,891$4,524
7 years$6,331$5,906$5,509$5,138$4,791$3,498
8 years$5,484$5,063$4,672$4,310$3,975$2,755
9 years$4,825$4,408$4,024$3,671$3,347$2,199
10 years$4,299$3,886$3,508$3,164$2,852$1,773
11 years$3,868$3,459$3,089$2,754$2,453$1,441
12 years$3,510$3,105$2,741$2,416$2,126$1,178
13 years$3,206$2,806$2,449$2,133$1,853$968
14 years$2,947$2,550$2,200$1,893$1,625$799
15 years$2,722$2,330$1,987$1,688$1,431$661
16 years$2,525$2,138$1,801$1,512$1,264$549
17 years$2,352$1,969$1,639$1,358$1,121$456
18 years$2,198$1,819$1,496$1,224$997$380
19 years$2,061$1,686$1,370$1,106$888$317
20 years$1,937$1,567$1,257$1,002$794$265
21 years$1,826$1,459$1,156$909$710$221
22 years$1,724$1,362$1,066$827$637$185
23 years$1,632$1,274$984$753$571$155
24 years$1,547$1,194$910$687$514$130
25 years$1,470$1,120$843$627$462$109
26 years$1,398$1,053$782$573$416$91
27 years$1,332$991$726$525$375$77
28 years$1,270$934$675$481$339$64
29 years$1,213$881$628$441$306$54
30 years$1,160$832$585$405$276$45
31 years$1,111$786$545$372$250$38
32 years$1,064$744$509$342$226$32
33 years$1,021$705$475$314$205$27
34 years$980$668$444$289$185$23
35 years$942$633$415$266$168$19
36 years$905$601$388$245$152$16
37 years$871$571$363$226$138$13
38 years$839$543$340$208$125$11
39 years$808$516$319$192$113$9
40 years$779$491$299$177$103$8
41 years$752$467$280$163$93$7
42 years$726$445$263$151$85$6
43 years$701$424$247$139$77$5
44 years$677$404$231$128$70$4
45 years$655$385$217$119$63$3
46 years$633$368$204$110$57$3
47 years$613$351$192$101$52$2
48 years$593$335$180$94$47$2
49 years$574$320$169$86$43$2
50 years$557$306$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $570,000, adding $4,753 every year, while hoping to spend $58,592 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/37/20 Blend
53$570,000$570,000$570,000$570,000
54$633,043$602,833$593,998$656,394
55$635,272$570,030$551,555$640,564
56$635,764$533,656$505,727$617,342
57$634,281$493,475$456,338$590,974
58$630,558$449,235$403,205$561,200
59$624,299$400,672$346,137$527,738
60$615,179$347,506$284,934$490,283
61$602,836$289,442$219,388$448,506
62$586,868$226,168$149,280$402,052
63$566,831$157,353$74,384$350,535
64$542,234$82,649$0$293,538
65$512,532$1,689$0$231,792
66$477,123$0$0$180,641
67$435,340$0$0$158,701
68$386,445$0$0$134,033
69$329,625$0$0$105,562
70$263,977$0$0$72,859
71$188,507$0$0$35,451
72$102,113$0$0$0
73$3,579$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0